A slice of news which would make anti Perkasa, anti NEP, anti anything BN wild with ecstasy and they will be tweeting, blogging and making ceramahs for days to come; from the MI:
Global fund managers look to trim Malaysia holdings
The July survey had Taiwan, Malaysia and Chile as the most underweight markets for GEM investors. They were also slightly underweight on China due to slower growth prospects.
In financial markets, the term underweight is used by analysts to advise investors to reduce their holdings.
The findings of the survey could potentially signify a setback for Malaysia’s bid to become a more competitive destination for global portfolio investment.
The Najib administration has been trying to lift Malaysia’s profile as a destination for foreign investment to help the country achieve an average gross domestic product growth of at least six per cent per annum over the next five years, in an effort to become a high-income nation.
The country’s foreign direct investment rates have fallen faster than other regional players like Singapore and China, and at the same time, capital outflows have dampened private domestic investments. Net portfolio and direct investment outflows had reached US$61 billion (RM197 billion) in 2008 and 2009 according to official data.
Asia-Pacific fund managers that were surveyed, though slightly underweight on Malaysia, held a more favourable view of the country and were looking to cut back the most in Korea, India and Australia instead, while China, Indonesia and Taiwan were the most-favoured markets.
There was an increased pessimism among the fund managers overall on the economic outlook, with a net 12 per cent expecting weaker economic conditions over the next 12 months, as compared with a net 42 per cent expecting a stronger global economy in a survey two months ago.
The fund managers also expect China’s prospects to worsen, with a net 39 per cent expecting weaker growth, as compared with 60 per cent seeing stronger growth in January of this year.
Malaysia’s economy grew by an impressive 10.1 per cent in the first quarter of this year but the prime minister had on July 6 cautioned that growth in the second quarter could be slower due to deteriorating external circumstances.
The local stock market had been on a seven-day winning streak and neared a two-year peak before succumbing to profit-taking yesterday.
About 200 global fund managers with portfolios worth from US$250 million to over US$10 billion had participated in the Bank of America Merrill Lynch survey.
But hold your horses you anti anything BN people, there is a great retort to the above article by blogger A.Reme of OpEd please read:
Dalam masa tu (1991-2000), orang berebut nak labur di Malaysia - sedangkan bangsa Cina dan India 'tertindas' di Malaysia, orang politik Umno-BN (masa tu Anwar dalam Umno) banyak corrupt (katanya), kroni Mahathir-Anwar banyak dapat projek (katanya), polis bantai mati orang dalam jail (katanya), pasir Selangor dicuri pemimpin Umno (katanya) dan orang Melayu miskin di bawah pimpinan Gerakan-Umno di Penang (katanya). Saya pernah terlibat dalam melapor banyak krisis pasaran dan ekonomi.Wall Street jatuh, Wall Street lonjak. Asian economic crisis. Central bank satu dunia masuk beramai-ramai nak defend US dollar.Kadang satu hari kerja tak sempat nak gi toilet sebab pasaran panik!
Di satu masa, seorang penganalisis dari bank dagang Nomura (di London) menulis laporan - London shares are overvalued.Mak oi! Hancur beb, semua saham jatuh merudum. Tak ada kena mengena dengan isu politik, atau orang Paki kena pukul kat London, atau Raja Petra jumpa Zaid Ibrahim minum diet coke kat pub.Semuanya based on: The stock market was overvalued at that time. Prices were too high. Sell now.Akhirnya, semua pasaran Eropah jatuh! Lepas tu Wall Street.Lepas tu merebak ke Tokyo. Hong Kong dan Singapore. Contagion!
Jadi cakap mudah: Pelabur asing bukan kisah Perkasa atau Anwar jadi hero. Kalau syaitan pun jadi perdana menteri, jika pelabur portolio (iaitu yang membeli saham dan bon) rasa boleh buat duit di Malaysia atau Afghanistan, mereka akan masuk.Mereka tak kisah Cina atau India kena tindas, atau Melayu semua masuk PAS dan masuk syurga. They only look for investing opportunities in UNDERVALUED markets, right here and now.Ada yang beli hari ini, esok dah jual!
Sebab tu bodoh betul ada yang komen bahawa: Wah, Thailand yang kecoh tu pun lebih popular dari Malaysia. Ini semua sebab Perkasa dan Mahathir dah rosakkan negara.
Maaf, itu olahan orang bahalol mangkuk bakkutteh basi.
Thailand popular sebab pasaran saham dan bon depa dah jatuh teruk habis semasa perang sivil di Bangkok dua bulan lalu (90 orang mati, ratusan cedera, mall ditutup berminggu). Jadi dana asing nak beli sebab harga dah rendah.
Sebab tu laporan yang sama menyatakan fund manager tak suka sangat dengan pasaran China dan Taiwan. Tapi itu tidak diperbesarkan. Pasaran China dan Taiwan itu sama seperti pasaran Malaysia, dah ada "FAIR value" atau "OVERvalued".
Cara paling mudah nak calculate pasaran saham itu masih patut dibeli atau dijual ialah menggunakan kadar price-to-earnings ratio atau P/E Ratio. Kamu baca kat sini.
Fund manager ada cara sendiri nak calculate sama ada pasaran anda 'murah' ke 'mahal'.
Mereka ada chart, formula sendiri yang rahsia.
Yang diperbesarkan, kerana fund manager ni underweight Malaysia dalam Julai, ini "could potentially signify a setback" untuk kerajaan. Nenek-kebayan kamu buat olahan apa, brader.
Pelabur mungkin kata overweight bulan June Julai Ogos, tapi jika harga saham dan bon dah jatuh pada September, mereka akan beli kembali. Ini bukan survey jangka panjang, abang oi.Kalau nak berlaku adil, kenalah buat laporan setiap bulan. Baru nampak trend yang jelas.Sedap dia nak bantai negara sendiri. There is too much cynicism in Malaysia. Senang-senang depa tembak negara sendiri.
Saya segan lihat politik Indonesia masa ni - parti pembangkang PDI-P yang dijaga oleh Megawati Sukarnoputri dan suaminya. Walaupun pembangkang, tak banyak buat karenah sangat dalam isu politik dan ekonomi. Mereka jadi macam pembangkang kat Singapour, memberi pandangan yang boleh membangunkan negara.Cuma yang kita harap, kerajaan Malaysia bila ditegur pembangkang jangan melenting sangat. Kerap juga betul apa yang dikatakan. Kurangkan wastage dan suburkan ekonomi.Bekerjalah bersama nak pulihkan ekonomi.Nanti survey masa depan baru orang nak melabur.
Janganlah terlalu sinis dan benci kepada negara sendiri, sehingga semua perkara sikit pun kamu nak bantai.
OKlah, mungkin takut saya ni spin untuk kerajaan (kalau betul, tak dapat satu sen pun, brader).Kamu mainlah dengan nombor ni. Angka tak menipu:
Ini dari KL Composite Index - ukuran utama Bursa Malaysia - di sini.
Boleh lihat harga pasaran penutup harian, mingguan, bulanan.
Kalau ikut harga minggu, harga KLCI pada hari pertama berdagang 2010 (Jan 4) ialah 1,292.98 points.
Harga penutup pada Julai 12 ialah 1,334.08.
Harga mingguan TERTINGGI ialah 1,339.30 points.
Maknanya harga dah naik dari Januari, lepas tu turun sikit saja.
Tak ada bukti pasaran Malaysia ni dah tak laku sebab Perkasa bising, Mahathir komplen dan Abang Anwar kena bawa pergi court, mahupun orang Khalid kini dituduh curi pasir (bukan orang Khir).
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